Zerodha....
- Thread starter bharath.mang
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- Tags bakwaas now cheapest brokerage nest nest plus new broker zerodha zerodha trader
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Sachin,
Send us a scanned copy of your new cheque leaf with the new ifsc, we will have it updated...
If you want to map more than one account, again, send us a scanned cheque leaf to [email protected]...
Cheers
Send us a scanned copy of your new cheque leaf with the new ifsc, we will have it updated...
If you want to map more than one account, again, send us a scanned cheque leaf to [email protected]...
Cheers
Hi Shab, about the thread running to 1000 pages... We have already found a solution...Hopefully by the weekend you will have the answer to the trouble people have to go through just to get to the question and the right answer...
Trading, we have to offer all products eventually!! NSE, Commodity, BSE, Currency or whatever else comes up.. Different people like to trade on different contracts...The business model we are on, we have to keep making our pennies in every possible way!!
Software, NOW and NEST!!! NEST for trading all segments and all exchanges... NEST also because this is a solution for the query that you keep sending us!!!!
...
Trading, we have to offer all products eventually!! NSE, Commodity, BSE, Currency or whatever else comes up.. Different people like to trade on different contracts...The business model we are on, we have to keep making our pennies in every possible way!!
Software, NOW and NEST!!! NEST for trading all segments and all exchanges... NEST also because this is a solution for the query that you keep sending us!!!!
...When you open a demat account with us, we send you a transfer instruction booklet.. You can also open an e-kool account, where you can basically transfer shares from your demat to the other online...
If you are using a delivery instruction booklet, you will have to courier this to us or send it to any IL&FS office in the country..Once the transfer is done, you get the applicable margins... Find following a brief on how it works...
The shares would move from your beneficiary account to our (Zerodha) beneficiary account through an Off- Market transfer which you to initiate and in turn these stocks would be moved to IL&FS margin account. IL&FS would then provide you margins against these shares after considering NSE VaR margins and your limit would be enhanced on your trading platform. Whenever you wish to not receive these margins, you can just send us a request to withdraw the securities held in IL&FS and we would inturn move them to your beneficiary account. The whole process would cost you Rs 250/- per line item regardless of the size of your transfer/scrip.
Please note that at all times you would continue to remain the owner of the securities that you have transferred and hence would be eligible for all corporate benefits, whatsover. Such corporate benefits would be passed on to you. Every broker does this as a value added service and not necessarily as a money making process. We understand that not all clients can bring in cash to trade and since securities are assets, we could give margin against such assets for the client to trade.
However there are some rules regarding the same which is explained below :
You would need to transfer the shares from your DP to our beneficiary account at IL&FS. As soon as the shares are transferred, you'll get margin against those shares after the exchange prescribed haircut. For example, if you have stocks worth Rs. 100,000 in your account and if the exchange prescribed haircut is 30%, then the actual cash value of your stocks will be Rs. 70000. However, if you want to utilize this Rs. 70000 as cash in your trading account, you need to have at least 30% of that value as actual cash (not stocks). This means that you need to have cash of around Rs. 25000 to utilize the entire margin benefit of Rs. 70000 against your stocks.
This means that at any time for you to utilise your margin against stocks, you need to have 30% of the total margin in terms of cash. All MTM losses if any will be considered from this cash margin available in your account.
If you are using a delivery instruction booklet, you will have to courier this to us or send it to any IL&FS office in the country..Once the transfer is done, you get the applicable margins... Find following a brief on how it works...
The shares would move from your beneficiary account to our (Zerodha) beneficiary account through an Off- Market transfer which you to initiate and in turn these stocks would be moved to IL&FS margin account. IL&FS would then provide you margins against these shares after considering NSE VaR margins and your limit would be enhanced on your trading platform. Whenever you wish to not receive these margins, you can just send us a request to withdraw the securities held in IL&FS and we would inturn move them to your beneficiary account. The whole process would cost you Rs 250/- per line item regardless of the size of your transfer/scrip.
Please note that at all times you would continue to remain the owner of the securities that you have transferred and hence would be eligible for all corporate benefits, whatsover. Such corporate benefits would be passed on to you. Every broker does this as a value added service and not necessarily as a money making process. We understand that not all clients can bring in cash to trade and since securities are assets, we could give margin against such assets for the client to trade.
However there are some rules regarding the same which is explained below :
You would need to transfer the shares from your DP to our beneficiary account at IL&FS. As soon as the shares are transferred, you'll get margin against those shares after the exchange prescribed haircut. For example, if you have stocks worth Rs. 100,000 in your account and if the exchange prescribed haircut is 30%, then the actual cash value of your stocks will be Rs. 70000. However, if you want to utilize this Rs. 70000 as cash in your trading account, you need to have at least 30% of that value as actual cash (not stocks). This means that you need to have cash of around Rs. 25000 to utilize the entire margin benefit of Rs. 70000 against your stocks.
This means that at any time for you to utilise your margin against stocks, you need to have 30% of the total margin in terms of cash. All MTM losses if any will be considered from this cash margin available in your account.
thank you so much sachin for this detailed explanation but this process is really cumbersume and will not be feasibable as i trade 10000s shares every day in cash and futures
can we work this way that i open an account with you buy shares which go to my edelweiss Demat ( i know this part can be done ) then while selling i transfer online what ever share i have to sell to your margin account from edelweiss
One of my friend who is a institutional dealer at CITI was saying i can do this by digital signature basically can i move shares from one account to other ONLINE ( both accounts being in My name ) because suppose i buy or sell 20000 Share of IDFC i give brokerage of
1000 where as it will be 20 rs at your end and i do many transactions like this in a month
can we work this way that i open an account with you buy shares which go to my edelweiss Demat ( i know this part can be done ) then while selling i transfer online what ever share i have to sell to your margin account from edelweiss
One of my friend who is a institutional dealer at CITI was saying i can do this by digital signature basically can i move shares from one account to other ONLINE ( both accounts being in My name ) because suppose i buy or sell 20000 Share of IDFC i give brokerage of
1000 where as it will be 20 rs at your end and i do many transactions like this in a month
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